List the steps in the accounting cycle.
What will be an ideal response?
The accounting cycle consists of ten steps: (1) analyze transactions, (2) journalize, (3) post, (4) prepare unadjusted trial balance, (5) adjust, (6) prepare an adjusted trial balance, (7) prepare financial statements, (8) close the temporary accounts, (9) prepare a post-closing trial balance, and (10) prepare reversing entries (optional).
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Spire Ridge Company produces bells. Fixed costs are $800,000 . Variable costs per bell are $60.00 . and each bell sells for $100.00 . The company' sales budget calls for sales of 24,00 . units. At the budgeted level of sales, what is the margin of safety ratio?
a. 20.0% b. 16.7% c. 44.4% d. 33.3%
Fourteenth National Bank prides itself on offering better service than any of its competitors. If this is accurate, and if customers recognize and value Fourteenth National's superior service, the bank creates and delivers value through
A. customer excellence. B. promotional excellence. C. operational excellence. D. product excellence. E. global excellence.
What element of a contract refers to the parties involved being "adults of sound mind"?
a. Consideration b. Capacity c. Consent d. Legality
The Children's Online Privacy Protection Act prohibits Internet operators from collecting information from children under what age without parental permission?
A) 18 B) 16 C) 13 D) 10